Solve the problem.Richard deposits $2000 in an IRA at 10% interest compounded continuously for his retirement in 25 years. He intends to make continuous deposits of $2500 a year. How much will be accumulated in 5 years?

A. $19,371
B. $19,515
C. $19,986
D. $19,172


Answer: B

Mathematics

You might also like to view...

Solve and check your solution(s).4 +  = x

A. x = -1 B. x = 9 C. x = 2, 9 D. x = 1, 2

Mathematics

Determine algebraically whether the function is even, odd, or neither even nor odd.f(x) = 13x - 6

A. Even B. Odd C. Neither

Mathematics

Convert the units using unit fractions.8250 lb =  tons

A. 8 
B. 4 
C. 3 
D. 5

Mathematics

Convert the angle in radians to degrees. Express the answer in decimal form, rounded to two decimal places.7.11

A. 406.22° B. 407.37° C. 0.12° D. 0.07°

Mathematics